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China speculation takes heat off Greece

Few seem convinced about the Euro-zone escaping further repercussions. Even leaders and policy makers disagree on ‘the positive actions’ to be taken. Greece, technically, could be the smallest of all of the European economies problems, as other members begin to impose their own self-austerity plans. ‘Loose lips’ yesterday by the Greek’s PM has investors questioning the value of the EUR. The market needs a distraction, and seems to be shifting towards the Yuan ‘potential’ revalue. The Governor of the PBOC [...] read more

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Market Pulse »

China Fears US to Adopt Weak Dollar Policy

Posted by Scott Boyd 10:25 am EST, 03/01/2010

Following the most recent row between China and the US, and the fallout from China’s selling of nearly $35 billion of US securities from its foreign reserves last December, China now finds itself having to explain its actions. When asked during a press conference last week if there were “political considerations” behind the move to reduce its US exposure, Foreign Ministry Spokesperson Qin Gang noted China’s “perspectives” with respect to its investment practices. Citing the need to ensure “safety, liquidity, and [...] read more

Bank of Japan

The Bank of Japan was established in 1882 as the nation's central bank under the Bank of Japan Act. It was reorganized during wartime ("The Act of 1942") so that "the general economic activities of the nation might adequately be enhanced." The Act of 1942 was amended several times after World War II, including a change in 1949 to establish the Policy Board as the Bank's highest decision-making body.

Forex Insights »

Posted under: at 11:41 am EST, 03/04/2010
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Economic Exposure »

US Economy loses 36,000 jobs, NFP Report

Posted by Alfonso Esparza 8:50 am EST, 03/05/2010

U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls. The Labor Department said job losses for December and January had been revised to show 35,000 fewer jobs lost than previously reported. Analysts polled by Reuters had expected non-farm payrolls to drop 50,000 last month and the unemployment rate to edge up to 9.8 percent. [...] read more

Central Bank Watch »

Bank of Canada Maintains 0.25% Lending Rate

Posted by Scott Boyd 10:38 am EST, 03/02/2010

Citing strong “domestic demand growth” – tempered by a robust Canadian dollar and weak demand for exports in the United States continuing to act as “significant drags” on the economy, the Bank of Canada said it would maintain the historically low benchmark lending rate until mid-2010. Canada’s economy grew at an annual rate of five percent in the fourth quarter of 2009 “spurred by vigorous domestic spending and further recovery in exports,” according to the statement released by the Bank. Pointing to [...] read more

Forex News Roundup »

Latest Articles

Posted by Alfonso Esparza at 9:31 am EST, 03/09/2010
Posted by Scott Boyd at 9:10 am EST, 03/09/2010
Posted by Scott Boyd at 9:01 am EST, 03/09/2010
March
9
Today’s Global
Market Events
10:00 am

USD
IBD/TIPP Economic Optimism
48.9 vs. 46.8
4:45 pm

NZD
Overseas Trade Index q/q
0.1% vs. -1.3%
6:30 pm

AUD
Westpac Consumer Sentiment
-2.6%
6:50 pm

JPY
Core Machinery Orders m/m
-3.6% vs. 20.1%
JPY
CGPI y/y
-1.4% vs. -2.1%
7:30 pm

AUD
Home Loans m/m
2.1% vs. -5.5%
10th-14th

CNY
New Loans
1390b
CNY
M2 Money Supply y/y
25.6% vs. 26.0%